RTGS transactions / transfers have no amount cap. The system is available on all days on 24x7x365 basis. There is real time transfer of funds to the beneficiary account. The remitter need not use a physical cheque or a demand draft.

Can we do RTGS without cheque book?

In the case when you are not carrying a cheque book with you for making the request for fund transfer through NEFT or RTGS facility, banks may provide temporary cheque book in your name. ... Depending on the transaction amount, banks usually charge any where between Rs. 5- Rs 50 for a RTGS transaction.

How can I transfer money without a check?

If you can send an email, you can send money via Square Cash. All you need is your recipient's email address and your own debit card number. The recipient doesn't need a Square Cash account, and there are no middlemen to slow down the transaction, which is immediate.